Via the Washington Post: According to an analysis by the Institute for Taxation and Economic Policy (ITEP,) a leading US tax justice group, Amazon got a $129 million tax rebate last year, equivalent to a minus one percent US federal tax rate, its second year running of negative taxes. (Its … [Read more...]
Tax Avoidance
The European Union, tax evasion and closing loopholes: new report
Today, a new report commissioned by the Greens/EFA group in the European Parliament and written by the Tax Justice Network's Andres Knobel demonstrates that despite progress in recent years on closing down opportunities for tax evasion, there are still significant loopholes for citizens and … [Read more...]
Public Services and Economic Injustice in Tax Break Ireland
The reality of ill-health leaves little time to dwell on rights and justice, or on what might turn out to be empty promises - as the Irish Examiner reports. And while the experience of living with ill health might be said to be something of a leveller, it is not. There is no ‘level playing field’ if … [Read more...]
Accounting for influence: how the Big Four are embedded in EU tax avoidance policy
The Corporate Europe Observatory has a report out today which is well worth reading. We've written and commented extensively on the Big Four accountancy firms and the damage they do, you can read more in our 'enablers and intermediaries' section. As our CEO Alex Cobham has said, they're "not the … [Read more...]
#LuxLeaks verdict: hope for whistleblowers as Antoine Deltour is acquitted
We've always said that the #LuxLeaks whistleblowers Antoine Deltour, Raphaël Halet and investigative journalist Edouard Perrin should never have been charged because the disclosures they were involved in were so obviously in the public interest, helping to expose the industrial scale on which … [Read more...]
Unhappy meal: tax avoidance still on the menu at McDonald’s
We're sharing this press release from EPSU, the European Public Service Union which comprises 8 million public service workers from over 265 trade unions. Here's their joint statement on their new research on McDonald’s, entitled Unhappy Meal report. Today we release a new report on McDonald’s … [Read more...]
Video discussion: ‘Taming Digital Capitalism’ through public country by country reporting
There were some important debates in Brussels recently where Hans Böckler Stiftung held a two-day symposium with the European Trade Union Institute looking at the changes citizens in Europe are facing in the workplace and examining the challenges for the new leaders who will be in place as a result … [Read more...]
Yes, Britain is closing its tax havens. But let’s not forget it created them in the first place
This post is jointly authored by Anthea Lawson and John Christensen Tax justice campaigners celebrated this week as a nifty cross-party move from British Members of Parliament Margaret Hodge and Andrew Mitchell forced the UK’s Overseas Territories – many of them in the Caribbean – to stop hiding … [Read more...]
Now you see me, now you don’t: using citizenship and residency by investment to avoid automatic exchange of banking information
On February 19th, the OECD launched a consultation entitled “Preventing abuse of residence by investment schemes to circumvent the CRS”. It was about time. Since 2014, we have written several papers and blogs (here, here, here, here and here) explaining how residency and citizenship schemes offered … [Read more...]
Video: discussion on tax revenue losses, Apple’s tax avoidance and ‘state aid’
We're sharing here the opening panel discussion of the June 2017 European Financial Congress, Eastern Europe's largest finance congress in Gdansk, Poland. The theme of the panel was "Tax solidarity in the world and in the EU" and it features visiting Professor at Oxford University Philip Baker QC … [Read more...]
Guest blog: Tax Avoidance and Evasion in Africa
We're pleased to share this blog post (first published here) written by Nataliya Mykhalchenko for the Review of African Political Economy: Tax avoidance, tax evasion, tax heavens, illicit financial flows and global tax governance are real buzzwords that have come to dominate current international … [Read more...]
#ParadisePapers: The onshore heart of the offshore industry
We're sharing this blog in its entirety from Icelandic journalist Sigrun Davidsdottir's excellent Icelog. The Paradise Papers emphasises, yet again, that the damaging effect of offshore is much more pervasive that robbing countries of tax. Offshore creates a two-tier business environment, hiding … [Read more...]
Big Four accounting firms are key drivers of tax haven use, new research says
As scandals emerge from the Paradise Papers, the Big Four accountancy firms seem to have managed to stay largely out of the spotlight once again. But research released today shows that scrutiny of their practices is justified in the public interest. The new study is authored by Dr Chris Jones and … [Read more...]
#ParadisePapers: residency for sale to the rich and famous
Among the scandals exposed by the Paradise Papers is that of residency for sale, something I covered just last month (along with passports for sale) as a special feature in our monthly podcast and radio show, the Taxcast, which you can listen to below. The name Shakira Isabel Mebarak Ripoll showed … [Read more...]
Enough evidence on trusts – where are the State’s actions?
Our two last papers on trusts (here and here) described trusts’ involvement in grand corruption and other cases that would anger any rational person. The Paradise Papers, and recent case law, shed outrageous new light on trusts’ role in worsening inequality, shielding assets from legitimate … [Read more...]
